Dow Today: International Business Machines (IBM) Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) is trading up 60 points (+0.4%) at 16,517 as of Tuesday, Apr 1, 2014, 1:36 p.m. ET. During this time, 214 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 412.7 million. The NYSE advances/declines ratio sits at 1,838 issues advancing vs. 1,189 declining with 141 unchanged.
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The Dow component leading the way higher looks to be International Business Machines (NYSE: IBM), which is sporting a $2.38 gain (+1.2%) bringing the stock to $194.87. This single gain is lifting the Dow Jones Industrial Average by 18.01 points or roughly accounting for 30% of the Dow's overall gain. Volume for International Business Machines currently sits at 3.5 million shares traded vs. an average daily trading volume of 5.3 million shares.

International Business Machines has a market cap of $198.32 billion and is part of the technology sector and computer software & services industry. Shares are up 2.6% year to date as of Monday's close. The stock's dividend yield sits at 2%.

International Business Machines Corporation provides information technology (IT) products and services worldwide.

TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, expanding profit margins, good cash flow from operations, increase in net income and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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